Japan Foods Holding expects to report a loss for its FY2025 ended March 31, no thanks to weaker sales amid a saturated F&B market amid "challenging" macroeconomic conditions.
In addition, the company has incurred higher selling and distribution expenses due to higher manpower costs, utilities expenses, rental and depreciation charges.
The company will be booking an impairment loss because of non-performing outlets and write-off of fixed assets following the closure of certain outlets.
Japan Foods last traded at 27 cents, down 18.18% year to date.
